Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Perpetua Resources Corp due to allegations of violations of federal securities laws related to misleading statements about the Stibnite Gold Project, which led to inflated stock prices and subsequent losses for investors [3][5][7]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Perpetua, specifically those who purchased or acquired $50,000 between April 17, 2024, and February 13, 2025, to discuss their legal options [1][3]. - A federal securities class action has been filed against Perpetua, with a deadline of May 20, 2025, for investors to seek the role of lead plaintiff [3][8]. Group 2: Allegations Against Perpetua - The complaint alleges that Perpetua and its executives made false or misleading statements regarding the true costs associated with the Stibnite Gold Project, particularly concerning inflation impacts and undisclosed decisions that significantly increased projected initial capital expenses [5]. - Following the release of an updated cash flow model on February 13, 2025, which indicated increased capital expenditures, Perpetua's stock price fell over 22% on February 14, 2025 [6][7]. Group 3: Financial Context - The updated cash flow model released by Perpetua indicated improvements in key economic metrics such as Annual Average EBITDA and Annual Average Free Cash Flow, despite the increase in initial and total capital expenditures [6].
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Perpetua Resources Corp.